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December 19, 2016

Money Wave Buy Alert! Dec 19, 2016

Markets are Still Holding Above the 10-day avgs.

 

The Markets are up today, as the Indices re-test the Highs of last week on low Volume. Leaders are very Over-bought. The Reward / Risk  ratio of investing now is poor, so we suggest staying in Cash. Several Stocks have pulled back into the Green Zones, and have Money Wave Buy Signals today … Please do not Buy then unless you are VERY NIMBLE, as they are still Way Above the Green Lines.

If the S&P 500 fails up here, it would normally correct back down to the Red Line (50-day avg.) to set up for a good bounce.

Money Wave Buys soon!  
The Following Investments will probably have a Money Wave Buy Signal 
(Slow Stochastic Closing > 20) on today’s Close.

CHK   CHESAPEAKE ENERGY     Buy Signal probably today, but Reward / Risk is poor.  

ECA    ENCANA CORP                    Buy Signal probably today, but Reward / Risk is poor.  

KTOS    KRATOS DEFENSE          Buy Signal probably today, but Reward / Risk is poor.  

 

SELLS

AKS   Was Stopped Out on Friday at $10.38 for a 1 cent loss.

Exit CLF today if it Closes below $9.75.  

 
ON DECK:  BBY   GGB  NBR   TECK  VALE  & VALE.P  XME 

Click for  WATCH LIST   

Click for  STOCKCHARTS LIST    

Click for  OPEN POSITIONS

Many like to buy the day before, if the Investment has not popped up too much.
Money Wave Buys are usually good for a 3-6 %  move in a few days.

About 1/3 of the time, the Money Wave Buys will result small losses, so please use a Sell Stop Loss after all Buy orders.

Posted By AbovetheGreenLine at 2:19 pm Leave a Comment

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Voted #1 at Stock Charts

SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

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